Agenda item 4 - MTFS (Final) Cab 070213 , item 9. PDF 1 MB

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Funding of £4.142 million. The funding will be split between £2.708 million in 2013/14 and £1.434 million in 2014/15, and has been included in the MTFS capital programme. Increase in funding since 7 th January Cabinet Report £0.81 million – Children & Families – New Grant The Council has received confirmation from the Department of Education that we will receive a capital grant that is intended to support implementation of early education for two year olds. This means providers of early education for two year olds will be able to bid for the money and that it won’t necessarily be spent on authority owned assets. £1.36 million - Adults Personal Social Care - New Grant The Department of Health has allocated the Community Capacity Grant to local authorities, providing capital funding to support development in three key areas: personalisation, reform and efficiency. The distribution uses total adults social care relative needs formulae. The provisional allocations for the authority were confirmed on the 19th December as £1.36 million in 2013/14 and £1.38 million for 2014/15. £0.3 million - Increase in Fire Grant for 2013/14 and 2014/15 The Fire Capital Grant allocation changes in 2013-14 from a lump sum settlement previously allocated, to a reduced lump sum, with authorities being required to make individual bids for the remainder of the funding. 52 The Council estimated a lump sum of £0.52 million and did not include the two bids made by the authority valued at less than £0.01 million. We have now received confirmation that our bids were unsuccessful; however the lump sum allocation was £0.3 million higher than our estimate for the next two years. Indicative forecasts Schools It should be noted that the Council has not received an indicative settlement amount for Schools. The Department for Education has announced that they will be confirming allocations by the end of January 2013 because of a change in allocation formula. Hence, estimates are currently included within the MTFS based on last year’s allocation, reducing the capital maintenance element to take in to account the reduced number of schools, because academies will receive this funding direct in the future. Communities and Infrastructure – New Schemes Cinderford Northern Quarter – Spine Road £10.93 million A budget of £10.93 million has been entered for the above scheme funded by grant and an estimate of developer contributions. The estimated £2.78 million of developer contributions has not yet been identified therefore the above budget is an indicative figure at this point in time. Elmbridge Major Transport Scheme - £16.5 million In December 2011, the Department for Transport (DfT) informed GCC that ‘Programme 21
Entry’ approval had been given, with DfT funding £14.1m of the £16.5m total cost of the Elmbridge Major Transport Scheme. This funding is subject to GCC gaining planning permission, purchasing the required land, and achieving ‘Full Approval‘ status from DfT. Planning consent is being obtained via the Planning Inspectorate, as it is classed as a Nationally Significant Infrastructure Project under the Planning Act 2008. The scheme includes major junction improvements at Elmbridge Court Roundabout, bus priority measures around Arle Court Roundabout in Cheltenham and a 1,000 space park and ride at Elmbridge Court. This scheme has now been included in the Capital forecast although the budget is indicative until the funding approval has been confirmed by DfT. Investment in ICT - £2.5 million In order to maximise the efficiencies in how we occupy office space an investment strategy in ICT is fundamental. The emerging ICT Roadmap 2013-16 has identified four themes which underpin how the business operates and ways of working, these are, Shared & Partnership Working, Compliance & Security, Flexible, Mobile & Efficient Workers and Strong Infrastructure. In order to deliver these priorities a number of risk critical investments are required which will impact upon security and compliance with government codes relating to data management if not delivered. Optimisation of office accommodation - £3.6 million As part of the Meeting the Challenge Programme a target of £45 million in capital receipts was set through the rationalisation and disposal of property. A fundamental part of this is the optimisation of office space in order to maximise occupancy and reduce the associated overhead costs, such as, energy, maintenance and repairs. To date a total of £16 million in capital receipts has been realised from the closure of 18 offices. This has resulted in over 300 staff being relocated into the Shire Hall complex, however, in order to continue this programme of optimisation an investment in essential building maintenance and space configuration is required. The ICT and Optimisation of office accommodation investments are closely linked to the asset disposals, capital financing and building related revenue savings detailed in annex 3 in the MTFS. These investments will be fully funded from capital receipts in 2013/14 and 2014/15, whilst at the same time fully delivering the revenue savings under the £45 million disposals plan included within the MTFs covering the financial years 2011/12 to 2014/15. Borrowing 53 Total borrowing outstanding at the end of 2012/13 is forecast to be £401.3 million, a reduction of £14.7 million compared with the £416.0 million outstanding at the end of 2011/12. 54 External borrowing is primarily obtained from the Public Works Loans Board (PWLB), usually at fixed rates of interest, over a set number of years. However, in recent years, due to the significant differential between interest rates charged by the PWLB and interest earned on invested balances, the authority has internally funded 22
Page 1 and 2: Gloucestershire County Council Medi
Page 3 and 4: 7 The capital budget strategy refle
Page 5 and 6: This will then provide a further £
Page 7 and 8: The draft budget was also considere
Page 9 and 10: for non Academy Schools. These amou
Page 11 and 12: • Providing the basics - In the c
Page 13 and 14: (1) The budget provides for contrac
Page 15 and 16: Any increase in a school’s depriv
Page 17 and 18: In the future there is a risk that
Page 19 and 20: 40 Council’s financial standing a
Page 21: 2014/15 2015/16 £m £m Budget 420.
Page 25 and 26: escheduling, and investments. • P
Page 27 and 28: ANNEX 1.1 : COMMISSIONING INTENTION
Page 29 and 30: Delivering Change Achieving improve
Page 31 and 32: Currently an estimated 38,000 older
Page 33 and 34: ANNEX 1.3: COMMISSIONING INTENTIONS
Page 35 and 36: Looking Forward Some of the changes
Page 37 and 38: Source LGA: From transition to tran
Page 39 and 40: The Council is ideally placed to ta
Page 50 and 51: Proposed Cost Increases 2013/14 - A
Page 52 and 53: Proposed Cost Reductions 2013/14 -
Page 54 and 55: Proposed cost reductions as part of
Page 56 and 57: Annex 4 Proposed Cost Reductions 20
Page 58 and 59: Forward Planning 2013/14 to 2015/16
Page 60 and 61: Revenue Outturn 2012/13 : Forecast
Page 62 and 63: • The Learning Disabilities Exter
Page 64 and 65: • Young people’s support: an un
Page 66 and 67: Reserve movements Balance at 31st M
Page 68 and 69: Academies. Such adjustments will be
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Annex 9 Capital Programme Prior Yea
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Scheme Name Prior Years 2011/12 £'
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Capital Programme Forecast - Decemb
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1. Background 1.1 The Chartered Ins
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5.3 Total borrowing requirement at
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7.8 Council’s Banker - The Counci
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Appendix A EXISTING PORTFOLIO PROJE
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4. Ratio of Financing Costs to Net
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9. Adoption of the CIPFA Treasury M
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Arlingclose’s Economic and Intere
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Specified Investments Appendix D Sp
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Councils Bank Account The Council b
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Notes: • This list could change i
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3. The Local Authority Mortgage Sch
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ANNEX 11 RISK MANAGEMENT STRATEGY 2
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Risk Management Policy Statement Gl
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What are our Strategic Risk Managem
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Appendix 1 - Risk Management Accoun
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Staff/Other Stakeholders ‣ Mainta
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Agenda item 4 - MTFS (Final) Cab 070213 , item 9. PDF 1 MB

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